Disguised unemployment: Published Oct 25

Disguised Unemployment Published Oct 25, 2023 Definition of Disguised Unemployment Disguised unemployment refers to a situation where individuals appear to be employed, but their contribution to the productive output of an economy is minimal or nonexistent. Disguised unemployment is a phenomenon where a portion of the labor force either remains unemployed or works in positions that contribute very little to overall productivity. Interestingly, despite the presence of such unemployment , it does not negatively impact a nation's aggregate economic output. Disguised unemployment indicates poor labour allocation, especially for agriculture, while seasonal unemployment reflects the abnormal nature of jobs in a few industries. Disguised unemployment refers to situations where workers are employed in low-productivity roles that do not enhance overall economic output . It commonly occurs in developing nations with large...